A Tory Government would not lift markets more than Labour despite the party’s allegiance to the investment community, say roadshow panellists.In some general elections, investment professionals have been vocal in their support of the Tories but panellists said investors would not be affected positively or negatively by a change of Government. Invesco Asset Management distribution director Andrew Watkins said he “leaned to the right of Genghis Khan” but believed the re-election of Labour would not be a bad thing for investors. He also said opposition leader Michael Howard was untried and had the potential to disappoint. Gerrard director Brian Tora is the chairman of his local Conservative association but said investors would notice little difference between the parties because of the way Labour has restructured. He said the IFA audience should vote Conservative bec-ause of the issue of smaller government and less regulation. Seven Investment Management chief executive Tom Sheridan said markets do not like uncertainty and would prefer Tony Blair to be re-elected.
With combined sales of UBS’s absolute return bond fund, and DWS’s Ratebuster product topping 90m in their offer periods, the industry has been reflecting on whether these apparently safe products can deliver on their promises.
Transact has slashed charges on funds for wealthier clients in a wrap price war sparked by Abbey undercutting its rates for high-volume business.
It is often said that there is only one thing worse than being talked about and that is not being talked about. It is perhaps an indication of its impact on the market that Standard Life’s Sipp continues to generate so much interest. There has been considerable coverage of our decision to appoint Fidelity FundsNetwork […]
Mortgages plc has agreed a branded lending deal with distributors The Finance Centre.Under the terms of the deal TFC will market the entire Mortgages plc product range to intermediaries under its own umbrella, TFC Homeloans. Advisors will also be able to produce KFIs via a facility on the TFC Homeloans website.Mortgages plc Sales & Marketing […]
“There is a serious risk of unhappy times if a full-scale trade war breaks out. If that happened it would make Brexit look like a walk in the park”, says Loomis Sayles chief economist Brian Horrigan. Click here to read the full article
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A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]